Atos to acquire Siemens Convergence Creators

Atos, a technology company which has a huge interests in digitalisation of industry, says it plans to acquire Siemens Convergence Creators, a global multi-industry digital transformation solutions provider.

Atos says CVC’s highly skilled engineers and a total headcount of approximately 800 staff deliver software based solutions in the fields of communication networks, service and customer management, public safety and security, multimedia infotainment, as well as space technology.

CVC was initially an internal innovative research and development and solutions partner for multiple Siemens business units.

In 2016, Siemens completed its carve out as an independent Siemens business unit with its own intellectual propoerty resources and an external customer strategy.

Focused on innovative research and development and turnkey solutions, CVC would accelerate Atos’ technology leap, bringing specific software and hardware IP assets notably to enlarge its cybersecurity and communication solutions.

Atos says these combined offerings would strengthen its credentials and ability to deliver the latest mission-critical systems and secured networks while increasing Atos’ reach in the telecommunications market and enable access to high-growth markets such as satellite and civil airplane manufacturers and operators.

CVC’s presence in Germany, the US, and Central and Eastern Europe – with delivery centres in Croatia and Romania providing digital expertise, together with its powerful network of partners, would offer Atos a strong basis for activities globally.

The transaction is expected to close end of December 2017 and is subject to information and consultation by employee representative bodies’ as well as the approvals of the regulatory and antitrust authorities.

Meanwhile, Siemens has sold its shares in Osram, said to be worth a total of almost $2 billion.